A Non-Resident Ordinary (NRO) account is a bank account opened in India by an NRI to manage income earned within India, such as rent, dividends, or pension. The funds are partly repatriable, and interest earned is subject to tax in India.
A Non-Resident Ordinary (NRO) account is a bank account opened in India by an NRI to manage income earned within India, such as rent, dividends, or pension. The funds are partly repatriable, and interest earned is subject to tax in India.